CENTRO Retail Australia has announced a distribution of 6.5 cents per stapled security for the year to 30 June 2012.
CEO Steven Sewell said this is slightly above the forecast of 6.4 cents made in October last year.
“CRF is now well positioned to consider and pursue a number of significant value, earnings and ROE enhancing opportunities with the completion of a number of key milestones.
“These include the resolution of the class action litigation, with Court approval received on 19 June, becoming an integral part of the major domestic and international REIT indices, with our investor base already substantially transitioning to more long term REIT investors and the expected completion by 30 June of the $690.4 million co-ownership arrangement with the Perron Group over 50% interests in Galleria, The Glen and Colonnades,” he concluded.
Property Review
